How treasury and finance can find value in their company's exponentially expanding data stores.
By Treasury & Risk Staff|January 30, 2014 at 03:13 AM
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Brian Loughman: If you think back 10 or 15 years ago, a lot of the activities in the business were being recorded electronically, but they were often archived in separate systems. The warehouses would have an inventory log; the sales team would have a sales register and accounts receivable. A company might have had all the building blocks for financial systems, but the data stayed separate. And a lot of the incidental transactions were recorded on paper. Today, practically everything is recorded digitally, and it can often be collected easily into a single database. Then it can be analyzed to develop a perspective that is relevant to various stakeholders in the business.
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